Picton Mahoney Asset Management Purchases 364,265 Shares of Cushman & Wakefield PLC $CWK

Picton Mahoney Asset Management grew its holdings in shares of Cushman & Wakefield PLC (NYSE:CWK) by 1,637.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 386,513 shares of the company’s stock after purchasing an additional 364,265 shares during the quarter. Picton Mahoney Asset Management owned about 0.17% of Cushman & Wakefield worth $6,153,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in shares of Cushman & Wakefield by 126.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,364 shares of the company’s stock valued at $26,000 after buying an additional 1,321 shares in the last quarter. First Horizon Corp bought a new stake in Cushman & Wakefield during the 3rd quarter valued at $32,000. Osaic Holdings Inc. raised its holdings in Cushman & Wakefield by 85.9% during the 2nd quarter. Osaic Holdings Inc. now owns 4,354 shares of the company’s stock valued at $48,000 after acquiring an additional 2,012 shares during the period. CENTRAL TRUST Co purchased a new stake in shares of Cushman & Wakefield during the second quarter worth $50,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Cushman & Wakefield by 48.7% in the second quarter. Nomura Asset Management Co. Ltd. now owns 5,800 shares of the company’s stock worth $64,000 after acquiring an additional 1,900 shares during the period. Hedge funds and other institutional investors own 95.56% of the company’s stock.

Cushman & Wakefield Trading Up 0.1%

Shares of CWK opened at $13.40 on Thursday. The firm’s 50 day simple moving average is $15.41 and its 200 day simple moving average is $15.71. The company has a market capitalization of $3.11 billion, a P/E ratio of 35.26 and a beta of 1.49. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.10 and a quick ratio of 1.10. Cushman & Wakefield PLC has a 1-year low of $7.64 and a 1-year high of $17.40.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Cushman & Wakefield had a net margin of 0.86% and a return on equity of 15.02%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 EPS. Sell-side analysts forecast that Cushman & Wakefield PLC will post 1.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on CWK. Weiss Ratings reiterated a “hold (c)” rating on shares of Cushman & Wakefield in a research note on Wednesday, January 21st. Wolfe Research upgraded Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price target on the stock in a research report on Monday, February 9th. Morgan Stanley restated an “overweight” rating and issued a $19.00 price objective on shares of Cushman & Wakefield in a research report on Friday, January 16th. Wall Street Zen cut shares of Cushman & Wakefield from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 23rd. Finally, Citigroup raised shares of Cushman & Wakefield from a “neutral” rating to a “buy” rating and set a $18.00 price target for the company in a report on Thursday, November 20th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.56.

Cushman & Wakefield Company Profile

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.